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<br /> Appiica�le Lavv. A� used �n �h�s Secur�ty I�strumen�, the �erm "Applica�le Lav�r'' sha�l mearn aIl cantrflliing
<br /> ap���cab�e federa�, s�a�e and l�cal statu�es, reg�ulations, ardinances and ad�ninistrative ru�es and arders ��hat have
<br /> �he effect of�aw)as v�e��as a�l appl�cab�e fina�,non-appeala�le jud�ciai opinions.
<br /> C�arges; Lien�. B�rrorc7v�r sha�l pay al� �a��s, assess�nents, charges, f�nes and impos����ns a�tr��utable �o �he
<br /> Property whi�h may attain pr�ority�ver�his Security Instrumea�t, and leaseh�ld payn�ents or graund rer��s, �f any.
<br /> A.t the requ�s�of Lend�r,Borrov�er shall pranl�ptiy f.urn�sh t�L�nder r�c�ipts��idenc�ng�he pa}�m�nts.
<br /> B�rrov�er sha�l pr��nptly discharge any�ien w:h�ch has�r�Qrit}�over�h�s Security Ins�rument un�ess Borr�v�er: �a�
<br /> �g�ees �n writ�r�g �to the paymen� of the ob���a�ion secu�ed by the �ien in a manner accep�ab�e f� L�nder; tb�
<br /> co�tes�s in good fai�h �he 1�en by, ar defends agains� er�fvrcement af�he �ien �n, lega� prviceedzngs wh�ch �n the
<br /> Lender's opi.ni�n aperate �o prevent �he enfo�r�emen� of the lien; or �c) se�ures from the ha�der of�he l�en an
<br /> ag�eemen�satisfac�ory to Lender subordina��n;.�the lien to�his Security Instrument. If Lender determines that any
<br /> part of the Property is subject t� a lien which may attain pr�flri�y over�his S�curity Instrumen�, Lender�na�r give
<br /> Borra�er a na���e identifying th� �ien. Barrav�ver shal� sat�sfy�he �i��ar�a.ke one or more of the ac��ons se� for�h
<br /> above wi�hin �.�days❑f the gi�ing of notiCe.
<br /> Hazard ar Prvperty Insurance.Borrflw�r sha�1�eep the inapr�vem�n�s no�existing or hereafter erec�ed on the
<br /> Pr�perty�nsured aga�ns�loss b�f re,hazards i:�cluded v���hin the�erm"extended co�erage"and any other hazards,
<br /> in�lud�ng fl�ods or fl�oding, fflr whi�h Len�der requires insurarice. Th1s �nsurance shaX� be ma�nta�ned �n �he
<br /> amounts and for the per�ods tha�Lender requ�r�s.The insurance carrier pr��id�ng the insurance shal�be�hosen by
<br /> Borrawer subjec� �� Lender's appro�ral wh�ch. shaX� no� be unreasvnably w��hhe�d. �f Bflrrower fa.x�s �o maintain
<br /> c�verage descr�bed abfl�e, L�nder may, at ]��nder's op�i�n, obtain ca�erage t� pro�eG� Lender's righ�s in the
<br /> Proper�y in acc�rdance v�xth secti�n t���ed Prolt�ction�f Lenderts Rights in the Prap�rty.
<br /> A�1 �nsuran�e po�icies and renevvals sha11 �e a�cep�able ta Lender an� sha�l include a standard mar�g�ge clause.
<br /> Lender shall have the right tu hold�he policies and renewa�s. Zf L�nder requ�res,Barrower shall prompt�y gi�e to
<br /> Lex�der a�l re�e�p�s af paid pr.emiunls and ren�.�val natices. In�he e�e��of lvss, Borrovver shal�g��e pro�npt notice
<br /> ���he�nsurance earr�er and Lender.Lender m�.y make pr��f of loss if no��nade pro�nptly�by�3�rrower.
<br /> �Jn�ess Lender and Borrov�er otherwise agre�e in u�ri�ing, insuran�e proceeds shall be appl�ed to res�ora��on �r
<br /> re�air af�he Property damaged, �f, in Lender's so�e discret�on, �he res�vratYon or repair is economica�ly feasible
<br /> and Lender's secur��y is nflt��essened. �f, in L�ender's sale dzscre�ion, the res��ra��on ar repa�r �s no� ec�n�mically
<br /> fe�sible or Lender's secur��y v�rouid be�essened,�he insurance proceeds shal�be appl�ed to the sums secured by�h�s
<br /> Security �ns�ru�nent, whether ar no� then d�:�e, v���h any ex�ess paid to Borr�v�rer. �f �.3nrrov�r�r ab�.nd�ns �he
<br /> Prv�er�y, or dnes no�answer�vithin the numb�r of days prescribed by Appl�c�.ble Lavv as se�farth in a n�tice from
<br /> �,ender�o Borrower�ha��he �nsurance carr�er has offered to set�le a c�a�m,then Lender may co�lect th� insurance
<br /> prviceeds. Lend�r may use th� proceeds �� re��a�r ar rest�r� the Pr�per�y �r to pay sunls secured b�this Se�urit�
<br /> Ins�rumen�,�vhe�her or nflt then due.The per��d uf t�me f�r Barrower to ansv�er as se�_forth in the n�t�ce wil�begin
<br /> �vhen the natice is g��en.
<br /> �J�Iess Lender and Barrower��herwise agree in wri��ng, any applicatian af prac�eds ta principa� shal�n�t extend
<br /> �r postpone�h� due dat�of the pa�men�s due under the �nntrac�or cha�ge the amount of the payments. �f under
<br /> �he section tit�ed Accelera�ian; Remedies, the PraperCy is acquired by Lender, Borrower's righ�to any insuran��
<br /> �a��cies and pr�ceeds resulting fra�n da.mage �o �he Proper�y pri�r to the acqu�sitian sha�l pass �� Lender to the
<br /> ��A�ent of the sums secured by th�s Securi�y Instrumen�i_rnmediate�y prior to the acquis���on.
<br /> P�es�rvation, Ma}ntenance and Pratectiam of the Pro�erty3 Bvrrower's Lva� App�icati��a; Leaseholds.
<br /> Br�rro,wer shall no�destroy, damage or inzpair�he Proper�y, all�vv�he Property to de�eriara�e, or commit�was�e on
<br /> the Property.B�rr�wer shall be in defau��if aY�y f�rfe��u.re action flr proceeding,�rhe�her civ��or cr�minal,is begun
<br /> tha� in Lender's gaod faith judgment cauld r�:su�t in f�rfeiture af�he ProperCy vr athe�-�vise ma�eria��y i_mpa�r�he
<br /> �i�n �reated by �his Secur��y �nstrument or Lend�r's secur��y inter�s�. Borr�vver may cure such a defaul� and
<br /> reins�a�e, as provided in sec�ian�it��d Borr�wer's Ft�ght to Reinstate, by c�using�he act�on or praceeding�u be
<br /> dism�ssed v�ith a rul�ng tha�, �n Lender's g��d fa�th de�ermiria�ion,prec�udes forfe��ure af the�3�rrovr�er's �nterest in
<br /> �he Pr�perry o�- �th�r ma�erial �n�.pairmen� �f the lien created by this Securi�y �nstrument or Lender's se�urity
<br /> �nteres�c.Barr�wer sha��also be iri default if Bjorrawer,during�he�oan app�ica�ian process,ga�r��nateria�ly false ar
<br /> inaccura�e inforrna�ion or s�atem�n�s to Lender �or failed to prov�de Lend�r wit�. any ma�erial informat�on} in
<br /> cvnne��ion with the �oan ev�idenced by the �ontract. �f this Se�ur�ty rnstru�n�n� is on a�easeha�d, Borrower sha�l
<br /> comp�y with al�the pra�isions�f the�ease. if Borro�er acquires fee�it1e�o the Pr�per�y,the leaseh�ld and the fee
<br /> ti1:�e sha1�not n�erge unless Lender agrees�fl��e merger�n wri�ing.
<br /> P�otectian of Lender'S Rights in the Pro�aerty. If B�rr�wer fails to perform the c�venants and agreements
<br /> contained�n#h�s Se�urity Instrument, ar ther��s a�ega�pra�eed�.ng�hat may significan�l��ffe��Lender's rights �n
<br /> �he Proper�y �such as a proceeding �n bankru�p�cy, pro�ate, for condemna���n�r fvrfe�ture o�r to enfor�e laws or
<br /> regula��ons�, �hen Lender may do and pay for vvha�ever �s necessary �❑ pro�ec� the va�ue of�e Pr�perty and
<br /> L�nder's r�gh�s in�he Property. Lender's actio:ns may inc�ude pay�ng a.�y sums�e�ured by a l�en,whi�h has pr�ority ;
<br /> ��er�his Security Instrument;appearing in caurt,paying reasflnab�e at�arneys'fees and enter�ng on the�'roperty�o
<br /> ma�e repairs.l��though I�ender may take ac�icFn under this sect�on,Lender does not ha�e��do so.
<br /> Any am�unts disbursed by Lender under �hi� section sha11 bec�me add��i�nal deb� of Borrov�er secu�-ed by thxs
<br /> S�cur��.y Instrumen�. Unless Borr�wer and Lender agree t� a�her terms of paymen�, these axnaunts shall bear
<br /> in�eres� fram the da�e �f disbursemen� at th� same rate assessed on ad�rances under the �ontr�.ct and sha�l be
<br /> payable,w�th�n�erest,upon notice from Lend�r�u Borravver reques�ing payment.
<br /> C�24Q4-2413 Campliance Systems,�nc.9F9fi-7CD7-2�I3L2.fl.721
<br /> Cansurner Reai Estate-Secu�zty Inst3rurnent DL2435 Page 2 of 5 www,�ompliancesysterrfs.com
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